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Skhan786

all messages by user

9/15/2015
Topic:
Wiring Money Lent by my Father

Skhan786
Skhan786
Hello All

I am a permanent resident of Canada and I am contemplating getting an interest free loan from my father to buy a house in Canada. My father does not live in Canada. I have the following questions:

1. What are the kind of questions (if any) i should be ready to answer to my bank, CIC or CRA when moving such a huge amount of money into Canada.

2. Will i be asked to pay taxes or any other fees on the money lent by my father ?

Shahid
1